Every hour there are 540 work-related accidents across the country. This adds up to an accident every 7 seconds. Accidents at work are more common than you may think, which is why employers in Lawrence are required by law to have workers’ compensation insurance. It is important for you and your employees to be protected in case of an unforeseen accident.
You can work with a local independent insurance agent to find the right workers’ compensation insurance policy you. They will show you multiple customized quotes at competitive prices that fit your needs. Find a local insurance agent in or near Lawrence to get started.
Is Workers' Compensation Insurance Required in Lawrence, Massachusetts?
Employers in Lawrence are required to carry workers’ compensation insurance for themselves and their employees. This law applies to every business in Lawrence, regardless of the number of hours worked or the type of company. The only exemption is for domestic service employees who work less than 16 hours per week.
If you operate without this insurance, the state may issue a stop-work order. This means that you will no longer be able to do business in the state. You may also face minimum fines of $100 per day for each day you fail to provide coverage.
In addition to workers’ compensation insurance, you may also consider extra lines of commercial insurance protection such as:
- Commercial auto: Provides coverage of physical damage and liability insurance for vehicles used by your business.
- Commercial building: Provides coverage for your buildings, equipment, inventory, and even customers' personal property.
- Commercial boat: Provides protection of goods and equipment in transit.
How Much Does Workers’ Compensation Cost in Lawrence, Massachusetts?
Massachusetts maintains its own independent rating bureau to calculate rates. The Workers Compensation Rating and Inspection Bureau of Massachusetts assigns rates according to its own classification rules. The cost of coverage is based on:
- Type of business you operate, as indicated by your company's classification code
- The company’s total annual payroll
- The company’s assessed “experience mod” (based on losses insurers have experienced from that employer)
Lawrence, MA, Workers’ Compensation Covers the Cost of Medical Treatment
Sometimes a work-related accident may need medical treatment. Lawrence workers’ comp insurance will help provide coverage so employees aren’t stuck with a huge financial hardship. They will be fully covered for payment of any and all medical treatment that is seen as reasonable, necessary and related to the work injury. The benefits covered include:
- Medical and hospital services
- Medically necessary equipment and prescriptions
- Weekly compensation for lost income
- Vocational and rehabilitation services
Workers’ Compensation Insurance Provides Disability Coverage for Lawrence, MA, Employees
Workers’ comp insurance in Lawrence has employees covered if a work-related accident leaves them disabled. If a worker has an accident that leaves them unable to work for 6 or more full days, they qualify for temporary disability benefits. In Massachusetts, the days that they are unable to work do not need to be consecutive. They will receive 60% of their average weekly wage, and payment will begin on the 6th day of disability. If they miss more than 21 days of work due to a job-related injury, they will be compensated for the first 5 days.
If they are able to work but earn less due to an injury or illness, they qualify for temporary partial disability. They will receive 75% of their average weekly wage for up to 5 years.
If a job-related injury leaves them permanently unable to do any kind of work, they qualify for permanent and total disability. They will receive 66% of their average weekly wage, and will receive an annual cost-of-living adjustment. These benefits can be received for as long as they are disabled.
Compensation for Workplace Fatalities in Lawrence, MA
Unfortunately, job-related accidents may result in a fatal injury. Workers’ compensation insurance can help surviving dependents and family members through the financial burdens.
The employee’s spouse and children will receive weekly benefits equal to 66% of the deceased workers’ average weekly wage. The surviving spouse becomes eligible for yearly cost-of-living adjustments two years after the date of the injury. The family members will receive up to 8 times the state average weekly wage in place at the time of the death to help cover burial costs and funeral expenses. Surviving spouses can receive these benefits for as long as they remain dependent.
What Can Cause a Workers’ Compensation Claim to Be Denied?
Workers’ compensation claims are sometimes denied. This may occur if the employee doesn't notify their supervisor of the incident in time, if the injuries were self-inflicted, or if there is not enough evidence that the injury was work-related.
However, if you or your employee feel that a workers’ compensation claim was unjustly denied or are unhappy with the settlement, an appeal can be submitted to the Masachussetts Department of Industrial Accidents
How Can You Find the Best Workers’ Compensation Insurance Policy in Lawrence, MA?
A local independent insurance agent can help you find the right workers’ compensation insurance policy for your Lawrence employees. Independent agents work with multiple insurance companies to compare prices and find a provider who specializes in covering businesses like yours.
Use an independent agent to find the best insurance plan in Lawrence. Provide a few details about what you’re looking for, and you will receive recommendations of the best local agents for you. Your information is not sold to third parties. Any information you provide will be sent only to the agents you pick.
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